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Thread: Newark Development

  1. #9751

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    http://www.nj.com/essex/index.ssf/20...river_home_pop

    Chinese investors buy most of building

  2. #9752
    Forum Veteran West Hudson's Avatar
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    Thumbs up Newark's Amazon Proposal Revealed

    Looks like there would be a few major towers, including on the Bears stadium site, next to Ironside, and in the SoMa area (see slideshow at link below for more renderings).

    From RE-NJ.com:

    Newark reveals development sites, buildings in Amazon HQ2 proposal (SLIDESHOW)

    DECEMBER 7, 2017



    0003
    Newark Mayor Ras Baraka (center) on Wednesday led a tour of development sites and office buildings that were included in the city’s 250-page bid for Amazon’s second headquarters. At left is Aisha Glover, CEO and president of the Newark Community Economic Development Corp. — Photos by Jeffrey Vock for Real Estate NJ


    By Joshua Burd
    Five years ago, Newark wouldn’t have even been in the conversation.

    At least that’s how Mayor Ras Baraka sees it when it comes to the city’s bid to be selected as the site of Amazon’s coveted second headquarters project. He believes Newark wouldn’t have been able to win the official backing of the state in making its bid, he said, nor would city officials have been able to convince competing developers to parcel their sites together in order to meet the company’s requirement for at least 8 million square feet of office space.

    That has all changed in a big way — thanks to billions of dollars in new investment that has begun to transform the city and galvanized public- and private-sector leaders.
    “It’s a different place, a different atmosphere, so everybody being together gives us a greater opportunity to get things done,” Baraka said. “And that’s exactly what’s happening here.”

    It was the sentiment on Wednesday as Baraka and his economic development team led a tour of the office buildings and development sites that were included as part of Newark’s 250-page submission to Amazon. Like dozens of other cities and regions around the country, Newark is eagerly awaiting a decision from the Seattle-based e-commerce giant, starting with the announcement of a short list that reportedly will come by early next year.

    SLIDESHOW: A look at Newark’s proposal for Amazon HQ2






    Renderings courtesy: City of Newark


    Earlier this fall, Newark won the official support of the state and the promise of a $5 billion tax credit package that the city can combine with its own incentives. On Wednesday, city officials offered even greater detail of what they offered in their Olympic-style bid to help Amazon envision its footprint in Newark.

    The buildings and development sites include:

    • 33 Washington Street (250,000 square feet), owned by the Berger Organization
    • 520 Broad Street (350,000 square feet), owned by IDT
    • 2 Gateway Center (655,953 square feet), owned by C&K Properties
    • Matrix Riverfront Plaza (5.6 acres), owned by Matrix Development Group
    • Lotus Riverfront/Bears Stadium (11.8 acres), owned by Lotus Equities and the Berger Organization
    • Mulberry Commons/Ironbound (15.5 acres), owned by Edison Properties and J&L Cos.
    • Broad and Market/SoMA (8.9 acres), owned by RBH Group



    One of the key requirements was the availability of 500,000 square feet of move-in ready office space, which the city is offering at 33 Washington, 520 Broad and the Gateway complex. The city has told Amazon that the other properties are available to break ground next year.

    But Baraka and his team noted that the sites could accommodate well beyond 8 million square feet, offering a great degree of flexibility or additional room for expansion. Aisha Glover, CEO and president of the Newark Community Economic Development Corp., said the proposal to Amazon offers it the chance to either focus around Newark Penn Station or occupy multiple neighborhoods in the downtown.

    “What we wanted to do was really pull together a menu of options for Amazon, where they could pick one site or multiple sites,” Glover said. “They can be spread out across a campus-like environment or be more connected with the community.”

    SLIDESHOW: Newark city officials lead a tour of proposed Amazon HQ2 sites






    Photos by Jeffrey Vock for Real Estate NJ


    Of course, the office space is only one piece of what Newark pitched to Amazon, which laid out a detailed list of requirements in a request for proposals issued this fall. The city has touted everything from its access to talent and education and a vast web of underground fiber optic cable that can produce the fastest internet in the country at affordable prices.

    That’s not to mention cultural offerings such as the New Jersey Performing Arts Center and the Prudential Center, along with open space such as the planned 22-acre Mulberry Commons project and a three-mile waterfront revitalization along the Passaic River. City officials also pointed to other key requirements, including the ability to have 10 percent of Amazon’s workforce live within walking distance of the office.

    Newark has that, especially with its residential pipeline that is now producing new market-rate apartments after years of delays. The city also touted the availability of hotel rooms, with five existing or soon-to-be completed projects downtown and three more in the pipeline.

    “If you study their model as to their site selection approach, I think we have a really strong, favorable chance,” said Carmelo Garcia, the city’s acting deputy mayor for economic and housing development. “I truly believe that, given where Newark is right now with the $3 billion happening in redevelopment and reinvestment in the city.”


    Carmelo Garcia (right) is Newark’s acting deputy mayor for economic and housing development.

    Baraka gave credit to U.S. Sen. Cory Booker, the city’s former mayor, for laying much of the groundwork that has allowed Newark to make a competitive bid. And the city can celebrate another economic development victory as it awaits Amazon’s answer:

    Earlier this week, the parent company of Mars Wrigley announced it would move to Newark by 2020 and occupy a large space within Edison Properties’ Ironside Newark project.

    It’s a big reason why, regardless of Amazon’s decision, Newark can be supremely confident in its ability to attract other companies going forward. Especially after having completed the rigorous submission process that has resulted in a playbook for drawing other major tenants.

    “Being involved in the process helps to elevate our profile … and letting everybody know what Newark has,” Baraka said. “So it’s not just about Amazon. It’s about putting the word out there so that everybody knows what’s going on in the city of Newark. And if Amazon doesn’t come, we’ll be welcoming other people to the city.”


    Link:
    https://re-nj.com/newark-reveals-development-sites-buildings-in-amazon-hq2-proposal-slideshow/
    Last edited by West Hudson; December 7th, 2017 at 11:27 PM.

  3. #9753

    Post Finally some hard numbers on height restrictions

    Another HQ2 article, this one by ROI-NJ:

    http://www.roi-nj.com/2017/12/07/rea...ts-for-amazon/

    This is the most important quote I got from all of this, from Newark CEDC CEO and President Aisha Glover:

    “What we wanted to do was pull together a menu of options for Amazon, where they can pick one site or multiple sites,” she said. “It can be spread out across a campus-like environment or be connected with a community.

    “It really depends upon the vibe they want to create, quite frankly, for their workforce.”

    Amazon obviously would change the skyline of the city. In what way, Glover said, is up to the company.

    “There are some renderings that may look like a skyscraper or may look spread out,” she said, noting city regulations allow buildings to be up to 20 stories in the city, but up to 40 by the waterfront.

    Those regulations, Newark officials added, could change with Amazon.

    They view Amazon as a way to change the geographic face of the city.

  4. #9754

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    Quote Originally Posted by section08 View Post
    Another HQ2 article, this one by ROI-NJ:

    http://www.roi-nj.com/2017/12/07/rea...ts-for-amazon/

    This is the most important quote I got from all of this, from Newark CEDC CEO and President Aisha Glover:


    “What we wanted to do was pull together a menu of options for Amazon, where they can pick one site or multiple sites,” she said. “It can be spread out across a campus-like environment or be connected with a community.

    “It really depends upon the vibe they want to create, quite frankly, for their workforce.”

    Amazon obviously would change the skyline of the city. In what way, Glover said, is up to the company.

    “There are some renderings that may look like a skyscraper or may look spread out,” she said, noting city regulations allow buildings to be up to 20 stories in the city, but up to 40 by the waterfront.

    Those regulations, Newark officials added, could change with Amazon.

    They view Amazon as a way to change the geographic face of the city.
    That's interesting. Doesn't RBH Group's Four Corners and SoMa proposed projects have 40+ story high rises away from the waterfront?

    New Look: Newark’s Four Corners Millennium Project


    Millenium Project, image by dBOX


    Revealed: SoMA Newark


    SoMA Newark, image from Richard Meier & Partners

  5. #9755

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    Well it did say that the height restriction can change with Amazon. Plus the site has been reduced to this(credit towerpower) https://42floors.com/images/Hf9f25c7...9602411479590a

    SoMa is the least appealing out of the 4 to be honest, even for a massive residential/commercial project. Yeah the NCS is 2 blocks away on Raymond, but it's one line. You're gonna need BRT/trackless trolley cause the go25 ain't nearly enough. Also too much ghetto retail surrounding it. Gonna have to bulldoze everything and start over. At least with Matrix you got Penn Station nearly a stone's throw as isolated and small as the site is.

  6. #9756

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    Originally Posted by towerpower123
    In the most recent street view, there are lights on in the 2nd floor in imagery taken in November 2016 and signage for a "Rich Hearted Clothing", however they are listed as closed on the Google search. https://www.google.com/maps/@40.7353...7i13312!8i6656

    And it's strange the board didn't know about an existing tenant.
    This is the ugly side of gentrification. The second floor is a barber shop with an existing lease. The new owners of the building (Paramount Assets) tried to intimidate the owner of the barber shop out of the lease but he fought back and went to the city. I'm sure had they negotiated fairly, something favorable could have been worked out.

    It's unfair to think that the type of businesses that for decades have kept downtown Newark from becoming a complete ghost town have no place in the city's redevelopment. These retailers still provide goods and services for a segment of the population that live, work and visit the city. I'd make an argument that their aesthetic needs to be changed, but the viability of many of them (not all) still exists. The H street corridor in DC has an interesting mix of old and new businesses. It's a rapidly gentrifying area with a Whole Foods that just came in this year but there are long standing businesses on surrounding blocks that integrate well with the change. I don't know what the ideal model is for gentrification but I do know there's right and wrong and developers should be bound to do what's right.
    Last edited by scrollhectic; December 11th, 2017 at 03:07 AM.

  7. #9757

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    Quote Originally Posted by scrollhectic View Post
    The new owners of the building (Paramount Assets) tried to intimidate the owner of the barber shop out of the lease but he fought back and went to the city. I'm sure had they negotiated fairly, something favorable could have been worked out.
    Explain, please.

  8. #9758

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    anything happening with Shaq Tower? If so, how many floors have been constructed so far? thx

  9. #9759

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    Quote Originally Posted by coralridge View Post
    anything happening with Shaq Tower? If so, how many floors have been constructed so far? thx
    https://www.reddit.com/r/Newark/comm...date_4_floors/

    Use this link to see a post on reddit about the tower (credit to effort268 for the submission).

  10. #9760

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    http://www.placenj.com/2017/12/photo...ay-121317.html

    Small update on latest riverfront park expansion. (thanks to madsheb on reddit for the find).


    PS: the pic almost looks surreal, I've never would imagined there would be a greenway that close to the bridge (or beyond it for that matter).

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